Sorry for the lash out then, as I miss understood your response.
I am aware of the LT responsibilities as well as what a pass through entity is.
What I was suggesting is that LTI's that are currently issued are for those claims covered within the BK, and can only be paid from assets still left over within the BK estate.
If there is enough to pay all above us from assets left we will be issued LTI's, and we may get a TASTE at the point, but I don't see it as a big deal $ wise to ANY here and certainly not enough to pay face.....IMHO
I do believe the piers will be left impaired as will we as far as the BK is concerned, AS FAR AS THE BK ESTATES ASSETS!!!!!!!!!!
Once the BK is concluded then and only then will any other assets start to emerge IF IF IF there are any left, 24 bill plus imho and the LT pass through will start to liquidate/disperse those, to the end 75/25, but THESE ARE NOT WMI ASSETS as defined within the BK, the were OFF BOOK in safe harbor outside of
I for one just do not see how they dare pay all creditors and all and all shareholders preferd's and commons FROM WMI BK ESTATE and justify this seizure.Plus imho there are NOT SUFFICIENT assets FROM THE BK WMI to pay all.
The assets that we feel are held in safe harbor IMHO have nothing too do with the BK and will not be paid BY THE ESTATE via LTI's as they didn't own them or they would have been brought up in court, but were not. THOSE assets will ONLY be paid AFTER the BK closes.
IN short two pay tiers if you will and from 2 completely different sources.
1. Any assets LEFT IN THE BK go as far as they can go paying as many as they can left on the ladder THE LADDER OF THE BK.
2. All assets that were IF IF IF there were other assets, are dispersed via the LT and split 75/25 to the end
